2.5 GHz Auction Rises Above $200M

The FCC’s 2.5 GHz auction rose above $200 million Thursday, hitting $208.2 million after two bidding rounds for the day. Sasha Javid, BitPath chief operating officer, predicted Wednesday the auction would hit that mark Thursday but questioned whether total bids will rise above $300 million. The auction started July 29. Two more rounds are scheduled for Thursday.